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It is basically possible to take out a loan for debt settlement, provided the conditions are met. This means that sufficient credit in the form of a good and secure income and a positive or least neutral private credit must be given. In a personal loan or a foreign loan, the private credit, however, plays no role. Here it only matters if your income is high enough to allow for regular repayments. A installment loan is generally for free use. So it is easily possible to use it for debt settlement. For this reason, there is no special loan, which is specially marked as a loan for debt settlement. Debts can be very diverse. These can be unpaid bills, a minus on the account or a fully debited credit line. In addition, there is often a desire to replace another loan that has become too expensive. This approach is often useful if the general interest rate has fallen since the last borrowing and a installment loan is now available at significantly better terms than at that time. A credit line is set up in the current account at the house bank. However, this requires that there are regular payments on the account. The amount of the contingency loan is determined by the bank. Basically, the credit line is an optional provision. You have no legal claim to it. In addition, the Bank has the right to adjust or terminate the credit facility at any time if the necessary The credit line has the advantage that it can be used at any time and without an extra application. In addition, this can be done in whole or in part. When repaying you do not have to stick to a rigid plan, as is the case with an installment loan. So you have the opportunity to contribute repayments at any time. In addition, the credit line is usually offset by the receipt of the following wage or salary again or at least significantly reduced. However, it must not be concealed that the credit line can become a problem under certain circu*stances. This is especially the case if you can not repay the credit line in the short term or in the medium term. At least, it